REG - RM Infrastructure RM SecDirect - RMDC - Net Asset Value(s)

RM Infrastructure IncomeAnnouncement

20/06/2025 07:00

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RNS Number : 6324N  RM Infrastructure Income PLC  20 June 2025

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV Performance

The NAV % Total Return for May 2025 was -2.64%, which takes the NAV % Total
 Return to -6.24% over the past six months, and -5.61% over the past 12 months.

 The NAV as at 31(st) May 2025 was 80.52 pence per Ordinary Share, which was
 2.18 pence lower than at 30(th) April 2025.

 This deterioration in NAV is predominantly driven by; (1) a reassessment of
 the forecasted recovery for investment loan Ref #73 to 0, given the property
 marketing feedback has been extremely poor. RM Funds are currently considering
 options with the senior lender, and (2) an accounting adjustment of circa 1.2
 pence per Ordinary Shares to reduce an accrued balance deemed unlikely to be
 received.

 The above has been partially offset by (1) the valuation at par of
 Trent-related (investment loan Ref #62) preference shares held by the Company.
 The Trianco business is trading well, and the Manager continues to see strong
 momentum, and (2) net interest income of 0.023 pence per Ordinary Shares.

Portfolio Activity

As at 31(st) May 2025, the Company's invested portfolio had an aggregate
 nominal outstanding of circa £72 million across 18 investments. The average
 yield(13) was 12.48%, with a weighted average loan life remaining of circa
 0.87 years(10).

 Cash balances at end of May 2025 stood at circa £19.5m of which circa £2.0m
 will be retained by the Company largely to fund its working capital
 requirements.

 On 29 May 2025, the Company published a circular to Shareholders regarding a
 tender offer of up to £20m to be made to Shareholders. Further details of
 said tender offer (including the tender price and final quantum to be returned
 to shareholders) are expected to be disclosed on 20 June 2025, with completion
 expected to occur on 25 June 2025.

 The Company also announces that the Monthly Report for the period to 31(st)
 May 2025 is now available to be viewed on the Company website:

 https://rm-funds.co.uk/rm-infrastructure-income/rm-funds-investor-monthly-fact-sheets-2/

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 For further information, please contact:
 RM Capital Markets Limited - Investment Manager
 James Robson
 Thomas Le Grix De La Salle
 Tel: 0131 603 7060

 FundRock Management Company (Guernsey) Limited - AIFM
 Chris Hickling
 Dave Taylor
 Tel: 01481 737600

 Apex Listed Companies Services (UK) Ltd - Administrator and Company Secretary
 Jenny Thompson
 Tel: 07767102572

 Singer Capital Markers Advisory LLP - Financial Adviser and Broker
 James Maxwell
 Asha Chotai
 Tel: 020 7496 3000

 About RM Infrastructure Income

 RM Infrastructure Income Plc ("RMII" or the "Company") is a closed-ended
 investment trust established to invest in a portfolio of secured debt
 instruments.

 The Company aims to generate attractive and regular dividends through loans
 sourced or originated by the Investment Manager with a degree of inflation
 protection through index-linked returns where appropriate. Loans in which the
 Company invests are predominantly secured against assets such as real estate
 or plant and machinery and/or income streams such as account receivables.

 On 20 December 2023, shareholders approved the implementation of the Managed
 Wind-down of the Company. Accordingly, the Company's investment objective was
 restated as follows: "The Company aims to conduct an orderly realisation of
 the assets of the Company, to be effected in a manner that seeks to achieve a
 balance between returning cash to Shareholders promptly and maximising value."

 For more information, please see
 https://rm-funds.co.uk/rm-infrastructure-income/

 

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